FYI: Considering that equities gave investors a really hard time in December, as well as throughout the fourth quarter, perhaps it’s not surprising that people are seeking refuge in fixed income in early 2019 as they lick their wounds and try to gauge the market’s direction in the new year. That, and Federal Reserve Chairman Jerome Powell’s newfound flexibility about interest rate hikes could be a reassuring sign for fixed-income investors.
Either way, seven of the top 10 exchange-traded funds in terms of asset flows in the first week of 2019 are fixed-income products, according to XTF.com. Leading the way is the iShares 7-10 Year Treasury Bond ETF (IEF), an intermediate-term bond fund with year-to-date flows of slightly more than $2 billion. That’s more than double the inflows of $884 million into the second fund on the list, the Financial Select Sector SPDR Fund (XLF).
Regards,
Ted
https://www.fa-mag.com/news/bond-etfs-dominate-early--19-fund-flows-42653.html?print
